Obama vs. Bush: On Debt
7:00 AM, Jan 25, 2011 • By JEFFREY H. ANDERSON
And none of this even takes into account Obamacare, which the Congressional Budget Office says would increase spending by more than $2 trillion in its real first decade (2014 to 2023) -- and which, even under very rosy projections, the CBO says would increase the national debt by $341 billion by the end of 2019.
It's not often that one gets to hear a call for "responsible" fiscal stewardship from someone whose deficit spending is outpacing President Bush's by more than $1 trillion a year -- yet that's apparently what we'll get to hear tonight. But President Obama's actions tell another, far clearer, story about his commitment to deficit reduction.
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